rent increase warning, new leases

[lark]

I have been living in a Brooklyn loft/apt building
for 5 years. my lease just ended. I would like to
stay on and the landlord appears amenable. At this
point, a) is the landlord required to sign a new
lease w/me if he wishes me to continue renting the
apt.? b) Is there any limit (%) to the amt. he can
raise my rent for this year/new lease, and how much
notice is he required to give me of such an increase?

thanks for your help.

lark

[HAJ77]

If you're living in a non-regulated apartment the landlord is not required to offer a renewal and if they do can increase the rent by any amount they want. In reality, the current market and your relationship with the landlord would probably suggest that a renewal offer would be forthcoming. However with the new 18% property tax increase, you're probably looking at a huge rent increase, and if you haven't had an increase in 5 years to start, it could be an even larger increase.

[lark]

My landlord is willing to renew, but notified me of the rent increase the day before my rent was due. can he do this? Also, though I 've lived in the building 5 yrs. my rent has gone up 5% each year.
thanks for your reply.

lark

[mjr203]

i thought they had to give 30 days notice of the rent increase so if you were given notice 1 day before a rent check due then it would take effect the next check?